TruAlt Bioenergy Share Price Soars On Debut, Lists At 11% Premium Over IPO Price
TruAlt Bioenergy Ltd. made its debut on the stock market at a premium of nearly 11% over its IPO offer on Friday. The share price opened at Rs 545 on the NSE and Rs 550 on the BSE, compared to the issue price of Rs 496.
The initial public offer of TruAlt Bioenergy was subscribed 71.92 times on the last day on Monday, helped by strong participation from non-institutional buyers. The Rs 839-crore IPO received bids for 88,85,66,820 shares against 1,23,55,424 shares on offer, as per BSE data.
Subscription Details
The quota for Qualified Institutional Buyers (QIBs) was subscribed 159.22 times. The non-institutional investors part attracted 98.56 times subscription, and the retail investors portion got subscribed 11 times.
The IPO was a book-built issue that comprised a fresh issue of 1.51 crore shares aggregating Rs 750 crore and an offer-for-sale of 0.18 crore shares totalling Rs 89.28 crore.
Company Profile
TruAlt Bioenergy is a Bangalore-based biofuels producer with an installed ethanol production capacity of 2,000 kilo litres per day (KLPD) and an operational capacity of 1,800 KLPD, as of March 31, 2025. Its market share in FY25 stood at 3.6%, as per a Crisil report cited in the offer documents.
For investors looking to invest in the stock market, it’s essential to stay updated on the latest news and trends. The company’s strong debut is a positive sign for investors who are looking to diversify their portfolio.
Future Plans
The company will spend Rs 150.68 crore of the fresh issue proceeds for setting up multi-feed stock operations to pave the way for utilising grains as an additional raw material in ethanol plants at Unit 4 of 300 KLPD capacity.
Further, Rs 425 crore will be used for working capital requirements, while the company will set aside the remaining fresh issue funds for general corporate purposes.
By March 2026, out of the 2,000 KLPD installed capacity, the company intends to convert 1,300 KLPD of current mono feed (sugarcane juice/sugar syrup/molasses) capacity to dual-feed, capable of producing ethanol from grainbased feedstocks or grains unfit for human consumption. It also intends to increase operational capacity from 1,800 KLPD to 2,000 KLPD.
Investors can stay updated on the company’s progress by following the latest stock market news and trends. With the Nifty trends and Sensex updates available online, it’s easier than ever to stay informed and make informed investment decisions.
Conclusion
In conclusion, TruAlt Bioenergy’s strong debut on the stock market is a positive sign for investors. The company’s future plans and expansion strategies are expected to drive growth and increase profitability. Investors can stay updated on the company’s progress by following the latest stock market news and trends.
